Alaska (AK) Bank Rates

Administrator — Fri, 12 Sep 2008 03:27:25 +0000

I thought it might be fun to feature banks in the home states of the current Presidential / Vice-Presidential candidates. As most of you know, the VP for the Republican Party is Sarah Palin from Alaska (AK).

This will be a four-part series and after I’m all done, I’ll try to draw some conclusions for the upcoming election. For now, here is a run-down of banks in Alaska and their CD Rates.

Bank Name	FDIC#	Profit	WC*	APY
Wells Fargo	5146**	Yes	Yes	22-Mos	3.00%
First National Bank Alaska	16130	Yes	Yes	5-Year	3.50%
Northrim Bank	33216	Yes	Yes	3-Year	3.50%
First Bank, AK	14885	Yes	Yes	3-Year	3.82%
Mt. McKinley Bank	19525	Yes	Yes	5-Year	3.98%
Denali State Bank	26530	Yes	Yes	5-Year	3.50%
Alaska Pacific Bank	29849	No	Yes	2-Year	3.50%

Wouldn’t you know it. I started this a few days ago, and now there are rumors that Obama is going to replace Biden with Hillary. Which state would I chose for her, AR, DC, or NY?!?

I hope you enjoy the series.

*WC stands for Well-Capitalized. This means that the Total risk-based capital ratio is above 10% (the higher the number the better). The definition from the FDIC Reads, “Total risk-based capital ratio:
Total risk based capital as a percent of risk-weighted assets as defined by the appropriate federal regulator for prompt corrective action during that time period.”

**The full title of this bank is Wells Fargo Bank South Central, National Association. It is separately insured from the main Wells Fargo Bank, but the website on the FDIC website takes you to the main WF site.

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Alaska (AK) Bank Rates